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• Simplified
Employee Pension (SEP)
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Simple IRA
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Profit Sharing
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Age-weighted/comparablility profit
sharing plans
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401(k) profit sharing
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Safe-harbor 401(k)
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Owner only/one-person 401(k)
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Defined benefit pension |
Benefits of Retirement Planning with The Oxford Group of Raymond James
For participants closer to retirement, contributions to a defied benefit
plan may exceed the 100% or $44,000 limit imposed by defined contribution
plans. This may be advantageous to a business owner who is approaching
retirement age, has never started a retirement plan and wishes to
put away as much money as quickly as possible. A defined benefit plan
can also be advantageous for an employer wanting to provide a fixed
benefit or to favor older employees.
Prototype plans
We offer the small business a variety of retirement plan options.
Our prototype plans are easy to adopt and maintain. Raymond James
currently offers SEP, profit sharing and 401(k) profit sharing prototype
plans. Raymond James provides automatic updates of prototype plans,
making it simple and inexpensive to keep your plan up-to-date with
any tax law changes.
Asset Protection
Each account custodied by Raymond James & Associates is protected
for the net equity of the client’s securities and cash positions.
The Securities Investor Protection Corporation (SIPC) provides $500,000
of net equity protection, including $100,000 for claims for cash awaiting
reinvestment. Please visit www.sipc.org for more information about
SIPC coverage.
We then provide additional protection (excess SIPC) through Customer
Asset Protection Company, a licensed Vermont insurer rated A+ by Standard
& Poor’s.
Account protection applies when a SIPC-member firm fails financially
and is unable to meet obligations to securities clients, but it does
not protect against market fluctuations.
Investment Flexibility
A Raymond James account allows contributions to be invested in a wide
range of investment alternatives.
Professional Service
The Oxford Group advisors have the training and expertise to assist
you in choosing the retirement plan for your business and the investment
strategies for your plan.
General Rules
After reading this material you should understand the general rules
of retirement plans. The following summary is designed to help you
in clarifying these ideas relative to the plan selection.
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For employers with a long time horizon to fund a plan for their employees, defined contribution plans work well.
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For sole proprietors or small business owners wishing to minimize administrative costs, a SEP or SIMPLE may be the best choice.
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For small business owners without employees wishing to maximize contributions, a one-person 401(k) may be the right plan.
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Profit sharing is appropriate if discretionary contributions or a vesting schedule are important.
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For employers who wish to have their employees fund a portion of the retirement cost, a SIMPLE or 401(k) plan may be most suitable.
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